Proof Point
Social trading identified as top feature that can help reduce trading difficulties by cryptocurrency investors in August 2018 Encrybit study
Features Crypto Investors Think Can Reduce Trading Difficulties
August 2018 (percentage)
| Note: | Data from Encrybit’s online survey of 10,003 cryptocurrency traders and investors from 161 countries last August 2018 |
Proof Point Findings
- Social Trading Practice – 39% of respondents in Encrybit study said social trading (i.e. features that allows observation of trade behavior of peers and experts) can reduce trading difficulties by addressing lack of experience in 2018, highest support among all features presented
- Other Features – At least one in ten participants agreed education blogs (15%), expert advice (15%) and paper trading or simulator (10%) can also help in trading
- Feature Combination – One-fifth of crypto traders surveyed believe combination of different features will reduce difficulties in 2018
- Key Growth Drivers – Include proliferation of cryptocurrencies and crypto exchanges, growing number of active traders, and increasing interest in traditional currency alternatives
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Accelerator |
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Sector |
Financial Services
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Source |
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Date Last Updated |
January 23, 2019
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